Giving Back
“We make a living by what we get, but we make a life by what we give.”
~ Sir Winston Churchill
Our responsibility to the broader community continues at Riverside and through our individual efforts in many different ways. We're not just derivatives experts; we're dedicated to creating positive change in our communities.
Learn more about our long-term commitment to giving back and how we can assist organizations in achieving financial success while making a positive impact.
In 2023, we had the privilege of advising several non-profit organizations in transitioning from LIBOR to SOFR. Our team worked tirelessly to negotiate highly favorable terms, ensuring these incredible organizations could continue their vital work with financial stability.
What makes this experience truly rewarding is how our partnership with these non-profits translated into tangible benefits for their communities. In lieu of $30,000 in advisory fees, Riverside allocated these funds to dedicated programs that serve and uplift their communities. It was a heartwarming experience to see our financial expertise make a real difference in the lives of those we serve.
Since 2017, Riverside has offered its services pro-bono to select educational institutions, often at the request of a client who is a member of the Board of Directors. Instead of paying fees to Riverside, we request that all or a part of our compensation be internally allocated to a financial aid fund.
In June 2017, Riverside assisted Chicago Public Media, Inc, the parent of WBEZ, a non-commercial public radio station and affiliate of National Public Radio, with the execution of two interest rate swap transactions. After being approached for help by a partner of a Riverside client who is on the Board of Directors, Riverside offered its services on a pro-bono basis. Riverside worked closely with Kirkland & Ellis LLP, who also offered its services pro-bono, and Bank of Montreal, to minimize transaction costs. The four worked in partnership with Chicago Public Media saving them a significant amount of money…money that can now be spent to help fulfill their mission!
Riverside hosted the third annual Bronx Charter School for Excellence Mentoring Event with Hark Society in August, 2015. Over 25 alumni of top rated Bronx Charter School for Excellence met their new Hark mentors who make a four-year mentoring commitment during the scholars’ high school years.
Riverside hosted its inaugural Summer Derivatives Seminar in July, 2015 for NYC summer interns attending Indiana’s Kelley School of Business and Michigan’s Ross School of Business.
Riverside hosted Kelley School of Business Alumni Association’s June, 2015 panel discussion: Career Momentum: Owning Your Professional Success with moderator Val Grubb, Val Grubb Associates, Theresa Krier, founder of Big T NYC, Riverside’s Joyce Frost, and Diana Kyllmann, Goldman Sachs. Over 60 alumni attended.
Riverside supported colleague, Steve Plake, who raised thousands of dollars to help feed the hungry and homeless in the greater New York area through Hillside Food Outreach and a motorbike race in Baja Mexico in 2014.
Riverside supported Bronx Charter School for Excellence at its ten-year anniversary Blue Ribbon Gala. Colleague and Founding Board Chair, Joyce Frost, was honored with an award presented by Russ Carson, Co-founder of Welsh, Carson, Anderson & Stowe on October 30, 2014.
Riverside and Pimco Foundation supported Central Queens Academy Charter School summer fundraiser in the fall of 2013. The event raised over $50,000.
Riverside hosted New York Cares summer Board of Directors cultivation event expanding its network of supporters (June, 2014)
Co-Founder, Joyce Frost, speaks out in support of Charter Schools in an Op-Ed featured in the New York Post, January 2015.